A Long Island mansion once owned by the real-life antihero of Martin Scorsese’s Wolf of Wall Street is back on the market.

The former home of infamous New York stockbroker Jordan Belfort has once again hit the market, this time with the price slashed to $2.89 million from an original $3.4 million price tag back in  March 2017.

Belfort, whose grandiose lifestyle and subsequent downfall served as inspiration for the 2013 Scorsese-helmed black comedy, once used the property as his primary residence and party hub.

Douglas Elliman Real Estate

Located at 5 Pin Oak Court in Long Island’s Glen Head, the 2-acre property boasts a three-car garage, gym, large pool, eye-popping walk-in closet and numerous rooms for entertaining guests.

Built in 1986, the house perfectly encapsulates Belfort’s high-flying lifestyle for which he became known until pleading guilty to securities fraud and money laundering in 1999.

Douglas Elliman Real Estate

The house, which was seized by the federal government and then sold to pay back some of Belfort’s fraud victims in 2001, passed hands several times. In 2017, it spent several months on the market for $3.4 million before being relisted for $510,000, or 15 percent, lower at $2.89 million through Daniel Gale Sotheby’s International Realty.

Douglas Elliman Real Estate

“I think this is a great price for the house,” Dana Forbes, the real estate agent marketing the home along with fellow agent Bonnie Doran, told the New York Post.

Douglas Elliman Real Estate

After serving 22 months in prison, Belfort published two books about his time as a stockbroker, The Wolf of Wall Street and Catching the Wolf. In 2013, actor Leonardo DiCaprio depicted Belfort in the popular film based on the two books.

Douglas Elliman Real Estate

Email Veronika Bondarenko

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top